The HABENDUM clause in a deed identifies the grantee and defines the estate to be granted, beginning with the words 'to have and to hold...'
The point in time at which half the principal of a mortgage-backed security has been repaid, accounting for amortization and retirements. The half-life typically assumed is 12 years, but it varies based on interest rate trends and specifics of the mortgage pool.
A comprehensive guide to understanding 'Handyman Special' in real estate brokerage, describing properties needing significant repair and often considered bargains for those capable of economical renovations.
A detailed analysis of 'hangout,' the remaining balance of a loan when the term of a loan extends beyond the term of the lease.
A comprehensive overview of the hectare, a metric area measurement unit equivalent to about 2.471 acres or 10,000 square meters.
A comprehensive overview of the term 'Heirs and Assigns' often found in deeds and wills to grant a fee simple estate.
A high-rise building is generally defined as a structure that exceeds six stories in height and is equipped with elevators. This term is commonly used in real estate, construction, and urban planning.
Highest and Best Use refers to the most financially, legally, and physically viable use of a property that maximizes its value.
A historic structure is a building that is officially recognized for its historic significance. Special tax laws provide tax credits for the rehabilitation of such structures.
A comprehensive exploration of holdback in real estate, including its definition, types, and practical applications in finance, loan commitments, construction contracts, and more.
A holdover tenant is an individual or entity that remains in possession of leased property after the expiration of the lease term. This entry explores the legal implications, examples, and related terms such as tenancy at sufferance.
A comprehensive guide on Home Equity Conversion, detailing the process of liquidating all or a portion of the equity in one's home, including related concepts such as Home Equity Loans and Reverse Annuity Mortgages.
An in-depth look at Home Equity Line of Credit (HELOC), a flexible borrowing option against home equity with a revolving line of credit. Explore its mechanics, benefits, considerations, and comparison with other financing tools.
Understand what a Home Equity Loan is, how it works, its applicability, historical context, benefits, and considerations.
A home loan allows you to purchase real estate property by borrowing money from a lender, which is secured against the property itself.
Understanding Home Mortgage Interest: Detailed definition, types, eligibility, tax implications, historical context, and examples.
An overview of the Home Price Index, focusing on its role in measuring the relative level of prices in a specific housing market over time.
Home staging involves remodeling and interior decoration to enhance the appeal of a house, making it more attractive to potential buyers.
A comprehensive overview of the first-time Homebuyer Tax Credit enacted in 2009 to encourage first-time homebuyers to purchase homes, offering a tax credit of up to $8,000.
The Homeowner Warranty Program is a private insurance program that protects purchasers of newly constructed homes against structural and mechanical faults. It's a safeguard for homeowners and builders participating in the program.
A comprehensive overview of homeowner's insurance policy, its coverage, types, costs, historical context, applicability, and related terms.
An in-depth exploration of Homeowners' Associations, their roles, functions, and significance in maintaining and managing subdivisions, planned unit developments, and condominiums.
Comprehensive definition and exploration of homeownership, its benefits and drawbacks, historical context, related terms, and frequently asked questions.
The Homeownership Rate is a crucial metric representing the percentage ratio of owner-occupied dwelling units to total occupied dwelling units in an area, reflecting economic trends, social structures, and housing markets.
In-depth exploration of the concept of a homestead, including modern homestead exemption laws, its historical context, and applicability in bankruptcy proceedings.
The Homestead Exemption is a legal provision that reduces the assessed value of a principal residence, thereby lowering the property tax burden for homeowners. This entry explores its mechanisms, examples, historical context, and related terms.
A comprehensive overview of what constitutes a hostile fire, how it differs from friendly fire, and its implications in property contracts and insurance policies.
A comprehensive exploration of the term 'house,' covering its meanings in real estate, business, finance, and everyday language.
The Housing Affordability Index is a key indicator used to determine the proportion of the population that can afford to buy an average-priced home in a particular area. Learn about its components, types, significance, and more.
The Housing and Urban Development (HUD) Department is a cabinet-level U.S. government agency established in 1965 to implement federal housing and community development programs.
A housing bond is a short- or long-term bond issued by a local housing authority to finance various types of housing and community projects, particularly those aimed at low- and middle-income residents.
A comprehensive guide to Housing Codes, local government ordinances that set minimum standards of safety and sanitation for existing residential buildings.
Housing completions are a key housing market indicator defined by the U.S. Census Bureau, representing the number of new housing units completed and ready for occupancy during a specific reporting period.
An estimate of the number of dwelling units on which construction has begun during a stated period.
A comprehensive definition and exploration of the term 'Hundred-Percent Location', which refers to a prime real estate location known for attracting the maximum possible customers and businesses.
An in-depth look at Hybrid Adjustable-Rate Mortgages (ARMs), which blend fixed interest rates with periodic adjustments to help borrowers in financing their home purchases.
Understanding Hypothetical Condition in Appraisal and Zoning: Definition and Context
A comprehensive overview of Impact Fees: their purpose, calculation, types, historical context, and applicability in various developments.
Implied Agency occurs when the words and actions of the parties indicate that there is an agency relationship.
An Implied Easement is established by use and acceptance, without the need for a legal document. It occurs when conditions suggest that the easement was intended to last, evidenced by continual use without restriction.
An impound account is a type of account held by a third party on behalf of two other parties involved in a financial transaction, often used to cover future expenses such as property taxes and insurance premiums.
Detailed Examination of Improved Land and its Characteristics
An exploration of property improvements, encompassing permanent developments, taxation implications, and depreciation considerations.
Comprehensive overview of improvements and betterments insurance, detailing tenant modifications coverage, insurance applicability, considerations, examples, and frequently asked questions.
A comprehensive guide to understanding the term 'in perpetuity,' its application, historical context, and related concepts in various fields.
A comprehensive overview of the Income Approach method for appraising real estate, focusing on anticipated future income.
A comprehensive exploration of income properties, a type of real estate purchased primarily for the income or cash flow it produces.
Understanding Incorporeal Property, its significance, types, and implications in Real Estate law.
In real estate appraisal, incurable depreciation refers to a defect in the property where the cost of correction exceeds the benefit gained from the repair, making the expenditure uneconomical.
An index lease is a rental agreement that adjusts the rent based on a published record of cost changes, commonly referencing indices like the Consumer Price Index (CPI).
An Industrial Park is a designated zone designed and zoned for manufacturing and associated activities, offering specialized infrastructure, services, and regulatory ease to facilitate industrial operations.
Comprehensive guide to various types of properties used for industrial purposes, including factory-office, factory-warehouse multiuse properties, heavy and light manufacturing buildings, industrial parks, and R&D parks.
Inflation Endorsement is an attachment to a property insurance policy that automatically adjusts its coverage according to the construction cost index in a community, ensuring adequate coverage.
Ingress and Egress involve the means and rights related to entering and leaving a place, encompassing both physical access and applicable legal permissions.
Inherit refers to acquiring property or rights from a deceased person, either through a will (devise) or by descent from an ancestor via legal operation.
A comprehensive overview of inheritance, the transfer of real or personal property to heirs by will or intestacy, including legal implications, federal estate tax considerations, and the absence of federal income tax on the inheritance received by heirs.
An innocent purchaser is one who buys an asset without knowledge of any claims or flaws in the title of the property, often protected under the concept of 'bona fide purchaser.'
An in-depth exploration of inside lots in a subdivision, their characteristics, distinctions, and significance within real estate.
A comprehensive guide to understanding the different types and purposes of inspections in real estate, customs, and quality control.
Comprehensive explanation of Installment Land Sales Contracts, their uses, mechanisms, and implications in real estate transactions.
An installment sale involves the agreement that purchased goods or services will be paid for in fractional amounts over a specified period of time, commonly applied in real estate transactions.
An insurable title is one that can be insured by a title insurance company, providing a critical safeguard in real estate transactions. Learn more about its implications.
A comprehensive explanation of Insurable Value, focusing on the cost of fully replacing destructible improvements to a property, typically based on replacement cost rather than market value.
A detailed exploration of inter vivos transfers, including their types, legal implications, examples, and comparisons with testamentary transfers.
A detailed exploration of interim financing loans, including their use in real estate and construction, and significance in financial planning.
An overview of the Interstate Land Sales Act, a federal law that governs the sale of land across state lines, administered by the U.S. Department of Housing and Urban Development (HUD).
Inverse Condemnation is a legal procedure that allows property owners to seek compensation when their property interests have been taken or diminished in value by a government activity.
A comprehensive explanation of Involuntary Conversion, including condemnation and sudden destruction by nature, with examples and relevant considerations.
Involuntary Exchange refers to scenarios where property is destroyed, stolen, condemned, or disposed of under threat, with the owner receiving compensation.
An in-depth look at Involuntary Liens, their types, legal implications, and relevance in property law.
An in-depth exploration of involuntary trusts, focusing on their formation, key aspects, historical context, applicability, and related legal concepts.
Comprehensive analysis of Joint Tenancy, an ownership model with undivided interest and right of survivorship
A comprehensive explanation of judgment lien, its legal implications, types, processes, and examples, including historical context and related terms.
A comprehensive guide to Jumbo Mortgages: large-size home loans exceeding statutory limits set by Freddie Mac and Fannie Mae. Learn about its types, benefits, risks, eligibility, and more.
A detailed analysis on junior liens, their types, implications, applications, and relationships with other financial instruments and regulations.
A comprehensive guide to junior mortgages, including their definition, types, examples, historical context, applicability, comparisons, related terms, FAQs, and more.
An in-depth comprehension of just compensation, its deployment in eminent domain cases, and the calculation of fair market value.
An in-depth exploration of the concept of Justified Price, how it is determined, and its implications in various asset markets including stocks, bonds, commodities, and real estate.
Understanding Land as Real Estate and Real Property, including Its Definition, Types, and Applicability.
Land Banking involves purchasing land that is not presently needed but is expected to be required in five to ten years, providing a strategic approach for future growth and development.
A detailed exploration of land contracts, an installment selling arrangement where the buyer uses, occupies, and enjoys the property without receiving the deed until a specified part of the sale price is paid.
Detailed overview of the land development process, including planning, permits, subdivision, infrastructure, and utilities installation.
A comprehensive guide to understanding land leases, including their definitions, types, historical context, applicability, and related terms with examples.
A financial arrangement where a property owner sells land to an investor and then leases it back for long-term use.
A formal agreement where a property, known as real property, is managed by a trustor on behalf of a beneficiary.
An in-depth analysis of Land-Use Intensity, its applications, implications in zoning ordinances, and a comparison with density measurements.
An in-depth exploration of land-use regulations, including ordinances, codes, permits, and common laws governing the private use of land and natural resources in alignment with policy standards.
Land-use succession refers to the change in the predominant use of a neighborhood or area over time. This process is influenced by various socio-economic, environmental, and political factors, leading to a dynamic transformation of urban and rural landscapes.
An in-depth look at the phrase 'Land, Tenements, and Hereditaments' used in early English law to signify all types of real estate, exploring its definitions, historical context, and modern relevance.
Explore the concept of being landlocked, including conditions of lots without public thoroughfare access and countries without access to the sea. See also ingress and egress.
A comprehensive definition of a landlord, who is a property owner that rents out their property in exchange for rent, including details about leases, tenants, and the rights of both parties.
A latent defect is a flaw that is concealed from both knowledge and sight, not discoverable even with ordinary and reasonable care. If a seller is aware of such a defect in a property, they must disclose it to the buyer to avoid claims of misrepresentation.
A comprehensive guide to understanding the hazards, historical context, and disclosure requirements associated with lead-based paint in properties.
A detailed explanation of lease contracts including types, key terms, historical context, examples, and more.
The Lease Bonus is an upfront payment made to a lessor as an incentive to grant a mineral lease, typically used in resource extraction industries.
A definitive guide on leases with options to purchase, including their structure, special considerations, historical context, and practical examples.
A detailed exploration of the landlord's ownership interest in a property under lease, encompassing anticipated rental income and reversionary property value.
Detailed explanation of leasehold costs, including their definition, capitalization, examples, historical context, related terms, and applications in various fields.
A comprehensive guide to Leasehold Estate, its types, value determinants, and legal implications.
Leasehold improvements refer to fixtures attached to real estate that are generally acquired or installed by the tenant. These improvements are typically removable by the tenant at the end of the lease term, provided they do not damage the property or breach lease terms.
